`Realism', `conceptualism' and `nominalism' are terms that one is most likely to come across in history of philosophy textbooks, presented as ones labeling three major ontological alternatives provided by mediaeval philosophy. The general inadequacy of these labels is perhaps best shown by the desperate efforts to provide further, modified labels , the well-known `moderate' and `extreme' or `exaggerated' versions of the above, in hopes of implying at least a lesser amount of falsehood in hanging..